Adjusting for claims in government wide financial statements Purkeytown carries no insurance for possible claims and, as of January 1, 2019 the start of its fiscal yearl Punkeytown had no outstanding claims. During 2019 a town water main burst flooding the basements of two property owners. The property owners sued the town for damages. The town settled one daim in December 2019 for 55.000 and expected to pay it in earlynuary 2020 The town's cours believes the probable settlement amount on the second daim will be about $11.000, but he expected negotiations to drag on for 18 months before reaching agreement Based on the state how much untertown will report as the ability for judgments and claims in as governmental fund balance sheet Answer: ook Print Curson 3 Not yet amovered Marted out of 300 pre quesson Adjusting for claims in government wide financial statements Punkertown carries no surance for possible claims and an ofanuary 1, 2010 (the stan of its fiscal your Anteprown had no outstanding chama. During 2018 a town water main turst flooding the basements of two property owners. The property owners wued the town for damages. The town settled one dam in December 2019 for 5.000 and expected to pay it in early inuary 2020. The s believes the probab lement amunt on the second daim will be about 511,000, but he expected n ations to drason for 18 months before reachingemented on this information state how much Punkeytown will repon as the ability for judgments and claims in its government wide statement of not position e